Paris-based Pennylane, which makes cloud-based accounting software, raised €75M, doubling its valuation to €2B, led by Sequoia and with Alphabet among investors (Ryan Browne/CNBC)

Ryan Browne / CNBC: Paris-based Pennylane, which makes cloud-based accounting software, raised €75M, doubling its valuation to €2B, led by Sequoia and with Alphabet among investors  —  French accounting software firm Pennylane has doubled its valuation to 2 billion euros ($2.16 billion) in a new 75 million euro funding round.

Apr 7, 2025 - 01:00
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Paris-based Pennylane, which makes cloud-based accounting software, raised €75M, doubling its valuation to €2B, led by Sequoia and with Alphabet among investors (Ryan Browne/CNBC)

Ryan Browne / CNBC:
Paris-based Pennylane, which makes cloud-based accounting software, raised €75M, doubling its valuation to €2B, led by Sequoia and with Alphabet among investors  —  French accounting software firm Pennylane has doubled its valuation to 2 billion euros ($2.16 billion) in a new 75 million euro funding round.

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